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Metro Vancouver mayors say they want billions of {dollars} over the following few years and a extra dependable funding mannequin from the federal authorities with a view to enhance transit.
Port Coquitlam MayorBrad West, chair of the Mayors’ Council, says they’ve agreed on a plan to develop transit providers to accommodate for inhabitants progress and put reasonably priced housing inside attain of transit.
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The mayors have submitted a multibillion-dollar want listing to the federal authorities earlier than the spring finances that features $375 million to develop the bus fleet, $1.4 billion for added bus depot capability, as much as $300 million for fast transit and hundreds of thousands extra in different enhancements.
West says to scale back overcrowding and permit for substantial service growth, they want each federal and provincial funding commitments no later than mid-2024.
The council says in a press release that TransLink is dealing with monetary challenges, with providers “basically frozen” at 2019 ranges, whereas the area’s inhabitants has grown by virtually 200,000 since then.
The council can be calling on the federal minister of finance to hitch with them and the province in growing a brand new funding mannequin for Translink, which would come with an annual value bump of at the very least 5 per cent to the everlasting transit fund.
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